1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Katena32 [7]
3 years ago
7

The employees of Vintage Clothes achieved all of the sales goals for 2017. Vintage decides to reward the employees with a bonus

of​ 20% on annual net​ income, after deducting the bonus. The net income before the calculation of the bonus is​ $312,000. What is the amount of the​ bonus? (Round your final answer to the nearest​ dollar.)
Business
1 answer:
Elza [17]3 years ago
7 0

Answer:

$52,000

Explanation:

Bonus is 20% on annual net​ income, after deducting the bonus.

Let the annual income after deducting bonus be g

Then,

Bonus = 20% of g

           = 0.2g

Annual income before bonus = annual income after bonus + bonus

312,000 = g + 0.2g

g = 312000/1.2

g = $260,000

Bonus = 0.2g

          = 0.2 × 260,000

          = $52,000

You might be interested in
What are the 2 main sources of data
podryga [215]

Answer:

internal and external source

Explanation:

6 0
3 years ago
Read 2 more answers
Morgan Co. signs a $50,000 noninterest-bearing 5-year note payable for goods purchased from Xelco Industries. The appropriate ra
riadik2000 [5.3K]

Answer:

$31,046

Explanation:

You take the $50,000 and divide it by 1.10^5 = $31,046

5 0
3 years ago
On December 31, year 3, Byte Co. had capitalized software costs of $600,000 with an economic life of four years. Sales for year
Ratling [72]

Answer:

net capitalized cost is = $450000

so correct option is b. $450,000

Explanation:

given data

capitalized software costs = $600,000

expected total sales = 10%

sale = 4 year

net realizable value = $480,000

solution

we find out net capitalized cost of computer software that is  

net capitalized cost of computer software is =  Year 1 balance - Year 2 amortization ........................1

here we get first Year 2 amortization that is

Year 2 amortization is = capitalized software costs ÷ total projected sale ..............2

put here value

Year 2 amortization = \frac{600000}{4}  

Year 2 amortization is = $150,000

so here we get net capitalized cost

net capitalized cost is = $600,000 - $150,000

net capitalized cost is = $450000

so correct option is b. $450,000

8 0
3 years ago
The demand function for widgets is given by D(P) 16 2P. Compute the change in consumer surplus when the price of a widget increa
eduard

Question: The demand function for widgets is given by D(P) = 16 − 2P. Compute the change inconsumer surplus when price of a widget increases for $1 to $3. Illustrate your result graphically

Answer:

For price of a widget equal to $1 consumer surplus is

D(1) = 16 - 2(1) = 14

CS₁ = ½ × (8 – 1) × D(1) = ½ × 7 × 14 = 49.

When price is equal to $3 consumer surplus is

D(3) = 16 - 2(3) = 10

CS₃ = ½ × (8 – 3) × D(3) = ½ × 5 × 10 = 25

8 0
3 years ago
A print ad usually includes which two things?
barxatty [35]

Answer:

A. Images and text

Explanation:

7 0
3 years ago
Other questions:
  • Campbell’s Soup has divided the domestic market into more than 20 re- gions, each with its own sales managers that develop speci
    6·1 answer
  • Suppose the price of Twinkies is reduced from $1.45 to $1.25 and, as a result, the quantity of Twinkies demanded increases from
    10·2 answers
  • How often should you typically monitor your checking account?
    6·1 answer
  • ​japan's largest paper​ company, nippon​ seishi, has decided to own huge forests and corresponding processing facilities in​ aus
    5·1 answer
  • If a lawmower you recently purchased quit working how would you slove that problem
    10·1 answer
  • In its first year of business, Borden Corporation had sales of $2,040,000 and cost of goods sold of $1,220,000. Borden expects r
    9·1 answer
  • What is the most important function of a leader within an organization?
    5·2 answers
  • Compare and contrast the three most common types of healthcare indemnity plans.
    12·1 answer
  • Simmons LLC purchased an office building and land several years ago for $250,000. The purchase price was allocated as follows: $
    8·1 answer
  • Keeping an open mind and seeing potential good in others are behaviors considered in this element of dialogue
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!